MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPC - US56585A1025 - Common Stock
Overall MPC gets a technical rating of 3 out of 10. Although MPC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of MPC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
155.13
2 important support areas can be observed.
- A support zone ranging from 176.78 to 176.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @182.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 186.89 to 190.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 198.69 to 200.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MPC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPC is down. |
| ChartMill Relative Strength | 78.48 | POSITIVE | MPC has a high relative strength, it outperformed 78.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.23 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.38 | NEGATIVE | The MACD value suggests MPC has a negative trend. |
| Stochastics (14,3) | 9.65 | OVERSOLD | The low Stochastics value suggests MPC may be oversold. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.43 | NEGATIVE | The low ADX value for MPC suggests a weak or negative trend. |
176.79
-8.72 (-4.7%)
MARATHON PETROLEUM CORP / MPC FAQ
Can you provide the ChartMill technical rating for MARATHON PETROLEUM CORP?
ChartMill assigns a technical rating of 3 / 10 to MPC.
What is the trend direction for MPC stock?
The current trend direction for MARATHON PETROLEUM CORP (MPC) is Bearish.
What is the RSI signal for MPC stock?
MARATHON PETROLEUM CORP (MPC) has an RSI value of 31.2327. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MARATHON PETROLEUM CORP?
The MACD indicator for MARATHON PETROLEUM CORP (MPC) has a value of -1.38401, indicating a bearish trend.